Jim Cramer says there are seven stocks that he especially likes for dividends.
Cramer ran down the names recently as part of his exclusive monthly Q&A conference call with members of his Action Alerts PLUS club for investors.
Here's a look at what he likes:
- American Electric Power (AEP) - Get Report . "At 3.6% [yield], I would buy that one," the stock-picker said.
- EPR Properties (EPR) - Get Report . The stock-picker called this real estate investment trust "terrific," noting that it currently yields about 5.5%.
- General Electric (GE) - Get Report . Cramer called the industrial giant a "good yielder ... We're being paid to wait for the turn because of that dividend." He said GE doesn't appear to have the cash to increase its dividend "the way I like," but Cramer said he's sticking with the stock anyway because "the assets are worth more than [the shares] are selling for."
- Magellan Midstream Partners (MMP) - Get Report . Cramer said he "loves" MMP at its current 4.4% dividend yield.
- Six Flags Entertainment (SIX) - Get Report and Cedar Fair (FUN) - Get Report. Amusement-park giant Six Flags is member of the Action Alerts PLUS "bullpen" of stocks that Cramer is considering buying for his charitable trust. "I really like [SIX]," he said. "I've met with the company every quarter." Cramer added that he also favors rival amusement-park operator Cedar Fair. "That's a good one," he said.
(Want to join in on Jim's monthly conference calls? Click here for a free 14-day trial subscription to Action Alerts PLUS and hear all of March's call, get e-mails beforeJim makes any trade and enjoy lots of other exclusive material.)
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At the time of publication, Action Alerts PLUS, which Cramer co-manages as a charitable trust, was long GE, PEP, AEP and MMP.